Copper is a metal where demand is set to soar as EV’s become the vehicle of choice which made us ponder if some M&A activity might flow into this area when the dust settles in the nickel space. We remain bullish copper targeting a test of the psychological $US500/lb area as demand should grow as the post COVID economic recovery splutters into action, similar to the ASX the base metals has now traded sideways for the last 6-months due to numerous uncertainties that have impacted us all but we feel it’s time for a move to the upside into 2022.
MM remains bullish copper into 2022
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